EADS CEO: Still Aims To Change Into European Company
01 Juni 2010 - 7:03PM
Dow Jones News
European Aeronautic Defence & Space Co. NV (EAD.FR) said
Tuesday it still aims to change the company's legal form into a
European Company, or SE.
The legal form of an SE enables a company incorporated in
different European countries to merge or form a holding company or
joint subsidiary, while avoiding the legal and practical
constraints arising from the different legal systems.
However, this is not a top priority, Chief Executive Louis
Gallois said at the company's annual general meeting in Amsterdam.
He added that it is more important that the operating business
recovers further.
The transformation of Europe's largest aerospace group into an
SE will take a lot of time, Gallois said. Therefore the company's
management has decided against an immediate change, he said. The
CEO pointed out though that the plans have not been abandoned.
"Who, if not us, would be a better fit," the CEO said.
-By Kirsten Bienk, Dow Jones Newswires, +49 69 29725 500,
kirsten.bienk@dowjones.com
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